WOO X and OpenTrade upgraded their RWA flexible vaults through the Avalanche blockchain, which provides daily compounding and instant redemption functions, aiming to improve liquidity and reduce transaction costs. WOO X COO Willy Chuang said that this upgrade is a major step forward for WOO X because it provides opportunities backed by real-world assets, such as tokenized US Treasuries, enhances liquidity, and reduces transaction costs.
In addition, to celebrate this collaboration, WOO X, OpenTrade and Avalanche jointly launched an event where users can earn up to 13.75% annualized yield during the event period (October 21, 2024 to January 19, 2025). The event aims to highlight the RWA product and provide users with a safe and user-friendly way to achieve higher returns.
The upgraded RWA flexible vault leverages Avalanche's innovative L1 blockchain technology, providing a customizable and secure platform to simplify automation processes in traditional asset management and reduce operational inefficiencies. Eric Kang, BD Manager at Avalanche, emphasized Avalanche's commitment to driving the digital financial revolution. This development enables users to access innovative financial products that leverage the efficiency gains and cost reductions brought by blockchain technology.
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